Riot Platforms Repays $200M Credit Facility, Releases Collateral

Riot Platforms Repays 0M Credit Facility, Releases Collateral

The bitcoin miner also continues to expand its data-center business. Bitcoin miner Riot Platform paid off a $200 million credit facility from Coinbase Credit this week, revealing its collateral. The facility was secured by a pledge of Riot’s financial assets, including Bitcoin, USDC and cash, which were held in the custody of the Coinbase Custody … Read more

Hong Kong ex-banker jailed for $1.6B in fake credit, cryptocurrency bribes: report

Hong Kong ex-banker jailed for .6B in fake credit, cryptocurrency bribes: report

Former banking official sentenced to four years in prison for accepting $470,000 in cryptocurrency bribes and false letters of credit. A former Hong Kong bank official who falsely authenticated more than $1.6 billion in letters of credit was sentenced to four years in prison and ordered to repay more than $470,000 he received in cryptocurrency … Read more